Old Three Hundred Capital & ArrowMark Partners Secures $27.1M Loan On Austin Multifamily Property

2302 East William Cannon Drive, Austin, TX 78744

$27,100,000

$117/SF

Building Size

230,000 SF

Asset Type

MultiFamily

Closing

Oct 18, 2020

AI

The multifamily property located at 2302 E. William Cannon Drive in Austin was recently involved in a closed transaction. The property spans over 230,000 square feet and consists of 230 units. The deal took place on October 19, 2020.

Summary of transaction details:

Property Type: Multifamily
Transaction Amount: $27,100,000
Address: 2302 E. William Cannon Drive, Austin
Market: Austin
Loan: Prime Finance

The borrower in this transaction was Old Three Hundred Capital and ArrowMark Partners. The loan amount secured for this deal was $27,100,000. The brokers involved in this transaction were Marko Kazanjian, Chris McColpin, Rob Hinckley, Jackson Finch, and Andrew Cohen from JLL, as well as Rob Brown and Nathan Rillstone from ArrowMark Partners.

Players